Tyler Technologies, Inc. $TYL Shares Sold by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse DE Depot ET Placement DU Quebec significantly reduced its stake in Tyler Technologies by 98.7%, selling 47,044 shares and leaving it with only 625 shares valued at $363,000.
• Insider trading activity includes CEO H Lynn Moore, Jr. selling 5,250 shares worth over $3 million, reflecting a 6.03% decrease in his holdings, while total insider sales in the last quarter amounted to over $12 million.
• Tyler Technologies' stock received mixed ratings from analysts, with a new average price target of $688.27, indicating potential for further evaluation in the market.

Caisse DE Depot ET Placement DU Quebec cut its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 98.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 625 shares of the technology company's stock after selling 47,044 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in Tyler Technologies were worth $363,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Retirement Wealth Solutions LLC acquired a new stake in Tyler Technologies during the first quarter worth about $26,000. Mowery & Schoenfeld Wealth Management LLC boosted its position in shares of Tyler Technologies by 820.0% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company's stock worth $27,000 after buying an additional 41 shares during the period. Cornerstone Planning Group LLC grew its stake in shares of Tyler Technologies by 221.1% in the first quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company's stock valued at $35,000 after buying an additional 42 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Tyler Technologies in the first quarter valued at about $38,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Tyler Technologies in the fourth quarter valued at about $40,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO H Lynn Moore, Jr. sold 5,250 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $588.89, for a total transaction of $3,091,672.50. Following the sale, the chief executive officer directly owned 81,775 shares in the company, valued at approximately $48,156,479.75. This represents a 6.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian K. Miller sold 1,200 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $580.72, for a total value of $696,864.00. Following the sale, the chief financial officer owned 13,772 shares in the company, valued at $7,997,675.84. The trade was a 8.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,019 shares of company stock valued at $14,495,209 over the last quarter. Company insiders own 1.10% of the company's stock.

Tyler Technologies Trading Down 0.1%

NYSE TYL traded down $0.42 on Wednesday, hitting $552.07. 67,296 shares of the stock traded hands, compared to its average volume of 292,614. The stock has a 50-day moving average of $572.30 and a 200 day moving average of $573.86. Tyler Technologies, Inc. has a twelve month low of $513.52 and a twelve month high of $661.31. The company has a market capitalization of $23.88 billion, a P/E ratio of 78.84, a price-to-earnings-growth ratio of 4.32 and a beta of 0.89.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share for the quarter, topping analysts' consensus estimates of $2.78 by $0.13. The business had revenue of $584.01 million for the quarter, compared to analysts' expectations of $587.59 million. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%.The business's quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.40 EPS. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, equities research analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on TYL. Needham & Company LLC reiterated a "buy" rating and issued a $750.00 target price on shares of Tyler Technologies in a research note on Tuesday, May 13th. Wall Street Zen lowered Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Cantor Fitzgerald began coverage on Tyler Technologies in a research note on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 target price for the company. DA Davidson set a $585.00 target price on Tyler Technologies and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Finally, Barclays increased their price target on Tyler Technologies from $695.00 to $715.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $688.27.

About Tyler Technologies

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software and Platform Technologies. The company offers platform and transformative technology solutions, including cybersecurity for government agencies; data and insights solutions; digital solutions that helps workers and policymakers to share, communicate, and leverage data; payments solutions, such as billing, presentment, merchant onboarding, collections, reconciliation, and disbursements; platform technologies, an application development platform that enables government workers to build solutions and applications; and outdoor recreation solutions, including campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management.